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Property profile

223 9th S Ave Jacksonville Beach, FL 32250

OFF-MARKET
Turn key restaurants
Property ID
US18-5158398
4,173 SF 0.29 ac lot Built 1975
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,173-square-foot freestanding restaurant is ideally situated on Highway A1A in the vibrant Jacksonville Beach submarket, specifically within the Neptune Beach cluster. The property boasts a single-tenant occupancy, making it an attractive investment opportunity for established or aspiring restaurateurs. Its prime location offers unparalleled visibility and accessibility, benefiting from high traffic volume on A1A. The property features ample on-site parking, a significant advantage in this high-demand area. Its waterfront proximity adds to its desirability, providing stunning views and a unique dining experience. The building's size allows for a spacious interior layout, accommodating a large number of diners and potentially offering additional space for a bar, kitchen expansion, or outdoor seating. Records indicate an impressive average daily traffic count of over 31,500 vehicles in 2020, highlighting the significant potential for customer reach. The property's location is also within walking distance of the beautiful Jacksonville Beach, further enhancing its appeal to tourists and locals alike. This is a rare opportunity to acquire a well-positioned, established restaurant space in a thriving coastal community. The property's features and location combine to create a highly desirable and profitable business opportunity. The property's APN is 1761010000. The property is classified as Retail, Restaurant, and Special Purpose, with a subtype of Restaurant, Diner, and Waterfront.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,173 SF
Lot 0.29 ac (12,500 SF)
Zoning code JC-1
APN 176101-0000
UPID US18-5158398

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

223 9th S Ave Jacksonville Beach, FL 32250-6536
Jacksonville Beach metro Census 14205 JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$580k

Owner & transaction history

since 2024
Last sale
$620,000
7 recorded transactions
2024
$620,000
2018
$1.6M
2008
Price N/A
2002
$500,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

JC-1 · Jacksonville Beach, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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